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Dec 31, 2012
12/12
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the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do it in a responsible way. i am willing to reduce our government's medicare bills by finding new ways to reduce the costs of health care in this country. that is something which all agree on. we want to make sure that medicare is there for future generations but the current trajectory of health care costs is going up so high that we have to find ways to make sure that it is sustainable. that kind of reform has to go hand in hand with doing some more work to reform our tax code so that wealthy individuals, the biggest corporations, cannot take advantage of loopholes and deductions that are not available to most of the folks standing up here for most americans. there is still more work to be done in the tax code to make it fair even as we are also looking at how we can strengthen something like medicare. if republicans think i will finish the job of the defic
the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do it in a responsible way. i am willing to reduce our government's medicare bills by finding new ways to reduce the costs of health care in this country. that is something which all agree on. we want to make sure that medicare is there for future generations but the current trajectory of health care costs is going up...
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Nov 27, 2012
11/12
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CNBC
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interest rates are going down because they can't get a hands l on the deficit because stocks are going down. that's the reality we're dealing with. consumer confidence this morning, listen, i'm worried about the fiscal cliff. i have my button on. anybody who tries to put words in the general public's mouth about the fiscal cliff, these confidence numbers dispel that notion that they're worried. they probably don't even really know the details. >> david kudlow, you are taking something of a risk-on strategy. you're going with the high-growth, high-dividend plays in this market, aren't you? >> yeah, we are. it's a strategy that's worked quite well p the uncertainty we've had over the fiscal cliff. with the positive economic data coming in, high-growth areas have done well for us. hi areas have helped diversify and steady the portfolio. >> you're not worried about impact that the fiscal cliff could have on the tax treatment of dividends out there? you get all these companies imposing early dividends, special dividends to try and slip it in before the end of the year. yet, you're still buy
interest rates are going down because they can't get a hands l on the deficit because stocks are going down. that's the reality we're dealing with. consumer confidence this morning, listen, i'm worried about the fiscal cliff. i have my button on. anybody who tries to put words in the general public's mouth about the fiscal cliff, these confidence numbers dispel that notion that they're worried. they probably don't even really know the details. >> david kudlow, you are taking something of...
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Dec 1, 2012
12/12
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we want to stop the spending problem so we can fix the deficit. we want to get people back to work, which is why again, we take the position that raising tax rates is absolutely not something that helps get people back to work. >> what was the importance of that, rather than just going ahead with visas that you agree are very, very important? >> well, again, what we believe is this was the first step forward in terms of trying to address the need for modernization in our visa laws. and we have a system of lottery that, frankly, i think, is properly replaced with a system that rewards those who want to come here to help create jobs and help get our economy back on track. so it's very much, i think, in sync with our priority of helping americans get back to work, helping create more jobs for more americans. >> democrats have now said after your response towards the thee house's proposal that ball is now in your court, that the onus is on you to put forth a proposal. is the ball in the republicans' court now? >> well, we remain committed at all -- at
we want to stop the spending problem so we can fix the deficit. we want to get people back to work, which is why again, we take the position that raising tax rates is absolutely not something that helps get people back to work. >> what was the importance of that, rather than just going ahead with visas that you agree are very, very important? >> well, again, what we believe is this was the first step forward in terms of trying to address the need for modernization in our visa laws....
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Mar 13, 2012
03/12
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almost $100 billion spike from earlier deficit projections comes exclusively because congress passed legislation recommended by president obama renug that 2% point cut in payroll taxes. the congressional budget office report comes as republicans controlling the house are preparing for this year's budget debate which some say will be spilling over into the presidential debate. >>> supporters of rush limbaugh have initiated a counterpetition to keep him on armed forces network radio, according to the military times. limbaugh has been a target of a campaign by democrats forcing advertisers to drop his job. after he called sandra fluke, a couple of not so nice words. as part of the campaign a petition was initiated on the website to remove limbaugh from armed forces network radio, now there is a counterpetition there. petitioners have one month to gather 25,000 electronic signatures. if they can get that they'll have a official white house response. >>> some debate among purists whether tomorrow's white house dinner for david came vonn a state dinner, since the queen is the head of state
almost $100 billion spike from earlier deficit projections comes exclusively because congress passed legislation recommended by president obama renug that 2% point cut in payroll taxes. the congressional budget office report comes as republicans controlling the house are preparing for this year's budget debate which some say will be spilling over into the presidential debate. >>> supporters of rush limbaugh have initiated a counterpetition to keep him on armed forces network radio,...
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Dec 24, 2012
12/12
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the deficit of about $1 trillion that is for fiscal 2013. that assumes that somehow the fiscal cliff doesn't happen and we don't reduce the deficit by $600 billion. national debt, about $16 billion , debt held by the public -- as a percentage it is getting up there. we've had it before. as we talked about two weeks ago it is not so much that the size of the debt it is how fast the debt is growing in comparison to the size of the economy. you don't want to pay off the debt but you want it to fall. host: how did we get to this point? why is the government spending so much and under this president, we've seen the debt go up $1 trillion each year over the last four years. where is it going? guest: there are two main ways to look at it. right now, we're still coming out of this economic crisis. so you have large debts for four years mainly because you have low revenues as people don't have jobs or they are getting paid less. then there has been extra spending programs over the last four years but also, we have this mandatory spending programs tha
the deficit of about $1 trillion that is for fiscal 2013. that assumes that somehow the fiscal cliff doesn't happen and we don't reduce the deficit by $600 billion. national debt, about $16 billion , debt held by the public -- as a percentage it is getting up there. we've had it before. as we talked about two weeks ago it is not so much that the size of the debt it is how fast the debt is growing in comparison to the size of the economy. you don't want to pay off the debt but you want it to...
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Jul 12, 2012
07/12
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so we don't have to reduce the deficit at the expense of middle income taxpayers and seniors. so that's what this is all about. shining the light on those contributions and it's unfortunate that our republican colleagues oppose that. i think we want to both commend senator reid for the decision in the senate to take up the disclose act next week and we think that members of the house, democrats and republicans alike, should have that same opportunity, which is why we just filed a discharge petition in the house of representatives and we're encouraging all members, democrats and republicans, who believe that voters have a right to know who is financing these elections to sign that very simple measure and let us have a vote on it in the house. again, we had 33 votes on repealing important patient protections. let's have one vote on allowing voters the right to know who is financing these campaigns through secret donations and trying to rig the rules. there was a time when republicans favored disclosure and i do think it's worth just pointing out what mitch mcconnell said not tha
so we don't have to reduce the deficit at the expense of middle income taxpayers and seniors. so that's what this is all about. shining the light on those contributions and it's unfortunate that our republican colleagues oppose that. i think we want to both commend senator reid for the decision in the senate to take up the disclose act next week and we think that members of the house, democrats and republicans alike, should have that same opportunity, which is why we just filed a discharge...
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Nov 14, 2012
11/12
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CSPAN2
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you would think debt and deficit is big issue. it is $55,000 for every young person getting out of college and all of us and those issues are ones that we were not able to communicate in a way that was effective clearly to win the majority of that vote. i they have some of the social issues are very important to that generation. they look at these issues differently than our generation. paul and i graduated almost the same year, from the same institution and, you know, it's a different attitude now. i think you have to acknowledge that and deal with it. >> does the president have a mandate to raise taxes? and i ask because your minority leader, you're leader in the senate, mitch mcconnell told my colleague steve moore, says he does not believe that is his mandate. >> look. as you know i'm a fierce advocate for tax reform for all the reasons we talked about earlier. competitiveness. america is falling behind in terms of our competentive position and one of the main reasons is our tax system is antiquated. it is inefficient. there a
you would think debt and deficit is big issue. it is $55,000 for every young person getting out of college and all of us and those issues are ones that we were not able to communicate in a way that was effective clearly to win the majority of that vote. i they have some of the social issues are very important to that generation. they look at these issues differently than our generation. paul and i graduated almost the same year, from the same institution and, you know, it's a different attitude...
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Apr 26, 2012
04/12
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now the same folks who ran up the deficits for the last decade. the president has been dding re-election homework basically ever sinne he got in office. from february 2009 oo.. he's made by cnn's count... 121 visits to 14 battleground states.is it easier to maae ends meet?no! mitt romney was just in one of those swing states.... new hampshire... toodeclare &pvictory in the republican rac about the economy a&and we're - not stupid.with romney fundraising behind closed days... one of his top surrogates... and potential running mate marco rubio delivered a foreign policy speech innwashington...putin might talk tough, but he knows he is weak....that offered a contrass with the president's russians.this is my last election and after my election i'll have more flexibility. adding to tte political overtones...a risinn star in the next generation of america's foreign policy with rubio... a reminder that the democrattturred john mccain last &ptime.(nats)and the romnny -& line of attack onntaxes. consider this column in the wall street journal from former g
now the same folks who ran up the deficits for the last decade. the president has been dding re-election homework basically ever sinne he got in office. from february 2009 oo.. he's made by cnn's count... 121 visits to 14 battleground states.is it easier to maae ends meet?no! mitt romney was just in one of those swing states.... new hampshire... toodeclare &pvictory in the republican rac about the economy a&and we're - not stupid.with romney fundraising behind closed days... one of his...
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Dec 31, 2012
12/12
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twice as large as the largest bush deficit. we are spending a trillion more a year than we were five years ago. we have to resolve dhou we continue to spend this money. we can wrap around how we get this spending down no amount of taxation is going to solve the problem. >> why is it there's a reluctance to identify where the spending cuts should go? no one wants to talk about the sacred entitlements but at some point we have to. if we are spending a trillion dollars a year and if the revenues are offset by the spending recommended by the president our grandchildren will be held hostage. >> get everybody back to work. we did not pay for the cost of the war. president bush should have done that. both were declared during his administration. that cost is enormous. huge pay out to health insurance unemployment compensation and so forth because the wholly con me went to pot. of course spending would go up. having responsible legislation is so important. it starts if the congress has been a part of economic growth in this country. hu
twice as large as the largest bush deficit. we are spending a trillion more a year than we were five years ago. we have to resolve dhou we continue to spend this money. we can wrap around how we get this spending down no amount of taxation is going to solve the problem. >> why is it there's a reluctance to identify where the spending cuts should go? no one wants to talk about the sacred entitlements but at some point we have to. if we are spending a trillion dollars a year and if the...
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Dec 30, 2012
12/12
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who should pick up the burden for deficit reduction? working people who have seen their wages go down or the top 2% who have done phenomenally well, while their effective tax rate, as mitt romney reminded us by not releasing his tax returns, is extremely low. so to my mind, what this deficit reduction debate is about is asking the wealthiest people, the large corporations to help us with deficit reduction and give a break for a change to the middle class and working families. >> as you say, one that would mean less money for seniors with the social security adjustment is off the table, are you more optimistic about getting a deal done. >> we still have a long way to go. >> what do you see as the major sticking point? >> one of the sticking pointing, what the republicans want to do is continue the 2010 agreement on lower estate tax rates, which means, chris, $120 billion tax break over a ten-year period for the top 0.2 of 1%. they get $120 billion tax break. and people come forward and say we're very serious about deficit reduction. thir
who should pick up the burden for deficit reduction? working people who have seen their wages go down or the top 2% who have done phenomenally well, while their effective tax rate, as mitt romney reminded us by not releasing his tax returns, is extremely low. so to my mind, what this deficit reduction debate is about is asking the wealthiest people, the large corporations to help us with deficit reduction and give a break for a change to the middle class and working families. >> as you...
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Dec 8, 2012
12/12
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deficit-reduction. what does reduce the deficit is jobs, job creation. what we need are the revenues, and that is what you have to ask the question about. why are we not here to pass additional tax cuts, which increases the high-end contribution to the budget talks? why are we not here to pass middle-income tax cuts? what are we not even here to debate the middle-income tax cut? can it be because the republicans are holding this as they have all along hostage to tax cuts for the wealthy? as long as they will not touch one hair on the head or get one red cent of their rich, to reduce the deficit, to create jobs, to grow the economy, to improve the lives of the american people -- >> the speaker was asking about middle ground. do you necessarily rule it out? is it your understanding that that is something he would accept? >> what we want to do is protect the middle class. it is not above the rate. it is about the money. the objection to extending it is about being punitive to the high end. it is about getting money to reduce the deficit, to grow the economy
deficit-reduction. what does reduce the deficit is jobs, job creation. what we need are the revenues, and that is what you have to ask the question about. why are we not here to pass additional tax cuts, which increases the high-end contribution to the budget talks? why are we not here to pass middle-income tax cuts? what are we not even here to debate the middle-income tax cut? can it be because the republicans are holding this as they have all along hostage to tax cuts for the wealthy? as...
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Dec 1, 2012
12/12
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CNBC
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it would make a difference in the deficits. and then we'll talk revenue. >> larry we're not suggesting dropping out, either. >> neil pattell thank you very much. senator kay bailey hutchson appreciate it. >>> next up lipitor and the fallout. the people who take the popular drug need to know. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... those surprising little still make you take notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be
it would make a difference in the deficits. and then we'll talk revenue. >> larry we're not suggesting dropping out, either. >> neil pattell thank you very much. senator kay bailey hutchson appreciate it. >>> next up lipitor and the fallout. the people who take the popular drug need to know. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500...
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Feb 16, 2012
02/12
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CSPAN3
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will in the long term reduce the deficit. and whether or not there needs to be more spending cuts. and this is the debate that we've seen since the shutdown last april. we saw it again in august. it's something you'll continue to see to the election because republicans and democrats alike are trying to paint a picture of what the government should do and should be and so you're seeing that now on a small scale on this deal that many people thought would go through no matter what. but you'll see it on a larger scale as we continue to go through 2012. >> when speaker boehner took over and the republicans one of their pledges was the three day trouble allow the public to look at legislation before members of congress voted on that. this agreement was worked out today, at last count i figured tomorrow is just one day not three days if my math is correct so what happened to that rule? >> counting is so hard for lawmakers. here's the thing. there had been a deadline of midnight yesterday because if they had technically got it in on
will in the long term reduce the deficit. and whether or not there needs to be more spending cuts. and this is the debate that we've seen since the shutdown last april. we saw it again in august. it's something you'll continue to see to the election because republicans and democrats alike are trying to paint a picture of what the government should do and should be and so you're seeing that now on a small scale on this deal that many people thought would go through no matter what. but you'll see...
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May 8, 2012
05/12
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CSPAN3
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serve trying to deal with their deficits over a reasonable period of time. on house of lords reform. you know what? i care a lot more about apprenticeships than house of lord resform. i care a lot more about the fact that as of next april, 2 million people on low pay will be taken out of paying income tax for the first time because we're raising the point at which they have to pay income tax. i care more about children from disadvantaged backgrounds doing well out of school and getting ahead and having real opportunities in life than i do about house of lords. it doesn't mean you can't do other things. and i have to say, my own view is that whilst i know it's wildly controversial in westminster, i think most people think that the principal that the people who make the laws of the land to be elected by people who have to obey the laws of the land isn't as controversial outside of westminster. i don't think it will go amiss since we've been talking about it for 100 years. >> christian from itv. >> thank you prime minister. you say you've heard the message from
serve trying to deal with their deficits over a reasonable period of time. on house of lords reform. you know what? i care a lot more about apprenticeships than house of lord resform. i care a lot more about the fact that as of next april, 2 million people on low pay will be taken out of paying income tax for the first time because we're raising the point at which they have to pay income tax. i care more about children from disadvantaged backgrounds doing well out of school and getting ahead...
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Dec 29, 2012
12/12
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MSNBCW
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american looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. you guys, i can hear you over there. i believe such a proposal could pass both houses with bipartisan majorities. as long as those leaders allow it, to actually come to a vote. if members of the house or the senate want to vote no, they can, but we should let everybody vote. >> i would actually really like to know who he was shushing there. but to his main point, here's what the president intends to do. senators reid and mcconnell will try to come to a deal. if they fail, the white house and harry reid are going to try to jam through a bill that increases taxes on rich people and extends unemployment insurance, which are the two key democratic priorities. they'll pretty much dare republicans to block it. and republicans probably won't be able to, at least not for long. here's johnny isaacson, a republican senator from georgia, over the weekend. >> if we get down to the end of this year, and the only choice we have is to save taxes going up on the middle class, then i would
american looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. you guys, i can hear you over there. i believe such a proposal could pass both houses with bipartisan majorities. as long as those leaders allow it, to actually come to a vote. if members of the house or the senate want to vote no, they can, but we should let everybody vote. >> i would actually really like to know who he was shushing there. but to his main point,...
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Dec 31, 2012
12/12
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this started out as a discussion about cutting the debt, cutting the deficit and now what's going to happen is the smallest plans on the table are going to-- are not really going to cut the deficit in the long run and don't have major spending cuts and i noticed at one point when he was asked about the sequester, not just the tax side, but the automatic spending cuts about to kick in. he said if we raise revenue by the wealthy paying more, that would be sufficient to turn off this request or what's called the automatic spending cuts and that's what republicans have been suggesting if he raises more revenue raising taxes on the rich, he's not going to put it towards the deficit, but the president kind of suggested that today. >> and a question from the beginning and it's your segment, go ahead. >> i've been on the show for ten seconds, by first time on the "the five", you've interrupted me and contradicted me. >> there will be plenty more time for that, and welcome to "the five", and bob beckel. >> can i ask my question of ed. because ed, you mentioned that i had experience in dealing
this started out as a discussion about cutting the debt, cutting the deficit and now what's going to happen is the smallest plans on the table are going to-- are not really going to cut the deficit in the long run and don't have major spending cuts and i noticed at one point when he was asked about the sequester, not just the tax side, but the automatic spending cuts about to kick in. he said if we raise revenue by the wealthy paying more, that would be sufficient to turn off this request or...
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49
Dec 16, 2012
12/12
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eye 49
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we're already seeing where the deficit for next year is even higher than this year. we're going on the fourth year now in a row that we have not even as a house and a senate have not agreed on a budget. that is not the type of leadership that america wants. americans want republicans and democrats to sit down and figure it out. i think we are either going to succeed together or we are going to fail together, but it starts with us working together. that's what needs to happen. we need to have leadership from the president. as republicans, we are demanding that we address the out-of-control spending that this country faces, and the debt that this country faces. >> what do you consider to be a band aid that the president prome -- proposed? >> well, a band aid would be suggesting that somehow just addressing the tax situation and not addressing the larger issue of the spending, that doesn't solve the problem, because we're going to have the continued deficit and the debt. >> what if there were taxes on upper income americans with an agreement that come the new year we wo
we're already seeing where the deficit for next year is even higher than this year. we're going on the fourth year now in a row that we have not even as a house and a senate have not agreed on a budget. that is not the type of leadership that america wants. americans want republicans and democrats to sit down and figure it out. i think we are either going to succeed together or we are going to fail together, but it starts with us working together. that's what needs to happen. we need to have...
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Jul 25, 2012
07/12
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CSPAN2
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eye 92
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president clinton's deficit-reduction plan not only reduced the deficit as planned, it eliminated it entirely. so not only did we create all that prosperity, president clinton then handed off a record surplus. i think it needs to be said. he handed off a record surplus to incoming president george w. bush. in fact, when president bush took office, we were on track to completely pay off our national debt with $5 trillion of surpluses projected over the next ten years. in other words, we would have zeroed out our national debt last year -- zero, no debt. but he cut taxes in 2002, he cut taxes in 2003 after we went to war. unprecedented. in our nation's history. the decision before us today is a fundamental one. should we extend these tax cuts on income up to $250,000, deserving tax cuts for everyone, the largest tax cuts going to those with income incomes of $20 or more. they get the largest tax cuts. but asking the richest 2% to pay their fair share, to pay 4.6% extra on income over $250,000. which has been shown historically to create jobs. it poses a question about choices. we can c
president clinton's deficit-reduction plan not only reduced the deficit as planned, it eliminated it entirely. so not only did we create all that prosperity, president clinton then handed off a record surplus. i think it needs to be said. he handed off a record surplus to incoming president george w. bush. in fact, when president bush took office, we were on track to completely pay off our national debt with $5 trillion of surpluses projected over the next ten years. in other words, we would...
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Dec 31, 2012
12/12
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CSPAN
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eye 124
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a dog to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough. obviously, what happened here between the two leaders in the senate had broken down because they had come forward with a counter offer to what republicans said last night. hopefully the discussions between the vice-president and senator mcconnell will get us back on track and we will have a breakthrough and something we can vote on today or tomorrow to avert what we all believe would be an economic disaster. >> harry reid is as if you cannot come up with something by tonight that he will push a scaled-down version of what the president asked for, the tax cu
a dog to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough....
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Mar 7, 2012
03/12
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CSPAN3
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eye 108
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additional deficit reduction must be made through a comprehensive and balanced deficit reduction plan. it will involve making decisions not just on defense but on every other area of federal spending and revenues. making these tough decisions is what our forefathers intended when they established this great country. they made this remarkable system of three separate but equal branches of government. it is a wonderful formula for ensuring that our is never centralized in any one branch of government. it also happens to be a perfect formula for gridlock. the key to breaking that gridlock has to rest with people that are willing to exercise leadership, compromise, and to make sacrifices in order to find answers. as we confront the broader set of choices and decisions that we need to be made to put america's fiscal house in order, all of us in washington need to demonstrate the same leadership, the same leadership that we counted on our troops to display in battle. they made sacrifices in order to achieve their mission. surely, those of us in washington can make sacrifices in order to gov
additional deficit reduction must be made through a comprehensive and balanced deficit reduction plan. it will involve making decisions not just on defense but on every other area of federal spending and revenues. making these tough decisions is what our forefathers intended when they established this great country. they made this remarkable system of three separate but equal branches of government. it is a wonderful formula for ensuring that our is never centralized in any one branch of...
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Dec 31, 2012
12/12
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we still have deficits that have to be dealt with. we're still going to have to think about how we put our economy on a long-term trajectory of growth and how we continue to make investments in things like education, things like infrastructure that help our economy grow. keep in mind that the threat of tax hikes going up is only one part of this so-called fiscal cliff that everybody has been talking about. what we also have facing us starting tomorrow are automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department, but they also have an impact on things like head start and so there are some programs that are scheduled to be cut that we're using an ax instead ax instead of a scalpel. may not always be the smartest cuts and so that is a piece of business that still has to be taken care of. and i want to make clear that any agreement we have to deal with these automatic spending cuts that are b
we still have deficits that have to be dealt with. we're still going to have to think about how we put our economy on a long-term trajectory of growth and how we continue to make investments in things like education, things like infrastructure that help our economy grow. keep in mind that the threat of tax hikes going up is only one part of this so-called fiscal cliff that everybody has been talking about. what we also have facing us starting tomorrow are automatic spending cuts that are...
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Dec 31, 2012
12/12
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eye 139
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that's a drop in the bucket to our deficit problems. so the real issue is spending and we got to deal with it. >> my guess is you're hearing the same thing that i hear from people. whether they're friends or family or they're people that i just -- that see me in starbucks. that is, why can't they get this done? i can't tell you the number of people who have said to me if i had a deadline at work and i just ignored it, i'd lose my job. this was yesterday on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> how did we get to this, congressman? he right? >> yes, he is. really it's the inability of congress to control spending. that is why we're in this pickle right now. we're spending $1.2 trillion more than we're taking in every year. and so he is completely right. i think people are right to see congress as dysfunctional. that's why we've got to deal with this today or tomorrow or the next day in a way that fixes this long term, not just gets us out of the
that's a drop in the bucket to our deficit problems. so the real issue is spending and we got to deal with it. >> my guess is you're hearing the same thing that i hear from people. whether they're friends or family or they're people that i just -- that see me in starbucks. that is, why can't they get this done? i can't tell you the number of people who have said to me if i had a deadline at work and i just ignored it, i'd lose my job. this was yesterday on the senate floor. >>...
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Dec 30, 2012
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they want them to carry the burden of reducing the deficit and refuse to ask higher income individuals to pitch in to fully share responsibility. and that is exactly what is happening. it is important to know that republicans are now demanding that the wealthiest of the very wealthiest estates in this country get a sweetheart deal on estate taxes which would help 7,200 families in the country next year get an average tax break of $1.2 million. and they are holding up tax relief for everybody else in the country in order to get this demand met for the very wealthiest estates. this isn't even the top 1%. this is a fraction of 1%. while they want to give those folks a big break they want folks on social security to pay more. and so this is a major setback. it is interesting to hear mitch mcconnell talking about his good faith efforts. he knows that he just threw a monkey wrench into the negotiations y. think he is also doing it to protect speaker boehner and the republicans and the house because he doesn't want to send them a deal that he knows they are going to vote down. >> let's talk a
they want them to carry the burden of reducing the deficit and refuse to ask higher income individuals to pitch in to fully share responsibility. and that is exactly what is happening. it is important to know that republicans are now demanding that the wealthiest of the very wealthiest estates in this country get a sweetheart deal on estate taxes which would help 7,200 families in the country next year get an average tax break of $1.2 million. and they are holding up tax relief for everybody...
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Dec 30, 2012
12/12
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it ought to be about reducing the deficit and the debt and what they are essentially suggesting is we want new taxes, we want higher taxes on people in this country to pay for new spending. >> senator, senator mcconnell has spoken a couple times with the vpz. we have seen in the past that the two of them have been able to come up with bipartisan deals to get through congress on taxes and other things. did he give you an indication in the meeting you just had with rank and file republicans that might be an avenue of success? >> there -- those conversations and discussions continue. and we remain hopeful that that will get a breakthrough. on veryiously, what had happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counteroffer to the proposal republicans made last night. so hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on, hopefully today or tomorrow that will avert what we believe will be an economic di
it ought to be about reducing the deficit and the debt and what they are essentially suggesting is we want new taxes, we want higher taxes on people in this country to pay for new spending. >> senator, senator mcconnell has spoken a couple times with the vpz. we have seen in the past that the two of them have been able to come up with bipartisan deals to get through congress on taxes and other things. did he give you an indication in the meeting you just had with rank and file republicans...
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Dec 29, 2012
12/12
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tom: will that tax solve the deficit spending? >> it will if you include 2%, 250,000 for couples, 200,000 for individuals and above. you start taxing capital gans and dividends, reinstate that and get rid of $10 billion in corporate taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close to fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any politicians talking reality but the fiscal problems facing the country which is democrat or republican. tom: do you have any hope that the blame game can be put aside so they can get some work done? in the private sector these people would be fired. >> absolutely. this is a do nothing congress, the least active in four years whe
tom: will that tax solve the deficit spending? >> it will if you include 2%, 250,000 for couples, 200,000 for individuals and above. you start taxing capital gans and dividends, reinstate that and get rid of $10 billion in corporate taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close to fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class...
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Dec 29, 2012
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explodes the deficit. hurts middle class employment. none has anything to do with the problem that we have which is number one in revenue we are spending too much and number two job creation. none of this helps either one of those things joe trippi and you know that is true. >> i don't know that is true and we won't agree about that. we will agree about one thing. going over the cliff will be far worse than what the president has put forward as a solution. >> sean: no, it is not. >> yes, it will. why don't we go over the cliff and get it over with. that makes sense to me, sean. >> sean: i say from the beginning he wanted to go over the cliff. he gets to blame republicans, tax everybody and gets defense cuts he never dreamed of through se see questions traition. we still have trillion dollars deficits. >> we got to be honest here. >> let's be honest both parties have been lying to the american people about that for years for decades sean. it is not a dam problem. >> sean: and no president has spent like this reckless spender. billy cunni
explodes the deficit. hurts middle class employment. none has anything to do with the problem that we have which is number one in revenue we are spending too much and number two job creation. none of this helps either one of those things joe trippi and you know that is true. >> i don't know that is true and we won't agree about that. we will agree about one thing. going over the cliff will be far worse than what the president has put forward as a solution. >> sean: no, it is not....
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Feb 15, 2012
02/12
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they feel a lot like 2011 was a year spent chasing after debt and deficits. while they think the help needs to rein in the debt, they feel like their message trying to create jobs got lost in the shuffle. they call this the energy and infrastructure bill. it would lead to more drilling for oil and natural gas. that keystone pipeline that people fought a lot about in december. it's included in this bill that boehner is bringing forward as well as a lot of infrastructure projects. now, this bill is no slam dunk to get through the house. it has its own problems because there are a lot of conservative that is still see it, even though there are no earmarks in this bill, they see it as a big bill. they have some problems here. they have regional issues because it doesn't fund the act all that well, so the northeast corridor republicans, which a bunch of whom won in 2010 there they're hesitant to support it. boehner has a lot of worked to just the next few days to get things cooked fully. you'll see more efforts on some tax proposals that they want to get back to,
they feel a lot like 2011 was a year spent chasing after debt and deficits. while they think the help needs to rein in the debt, they feel like their message trying to create jobs got lost in the shuffle. they call this the energy and infrastructure bill. it would lead to more drilling for oil and natural gas. that keystone pipeline that people fought a lot about in december. it's included in this bill that boehner is bringing forward as well as a lot of infrastructure projects. now, this bill...
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Dec 31, 2012
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debt or the deficit, and they're unwilling to do anything. dan is completely wrong. speaker boehner is not prepared to make a deal. you know, he's not the host of "let's make a deal." he's completely incapable of making a deal. and look, i think we're headed over the fiscal cliff because, again, i don't think the republican party is serious about playing an important role in governing this country. >> now, i don't necessarily disagree with you, but let me push back a little bit, and then i'll let dan jump in. >> sure. >> look, the argument i'm hearing -- and i don't know what cuts the president is offering to the republicans -- but why doesn't he offer more? why doesn't he give them -- i mean, anything more that he offers would be better than going over the fiscal cliff. why can't we get to something? why can't he give enough significant cuts that would make some of these republicans in districts that will really have problems when they go back to win re-election, if they raise taxes, give them some sort of incentive. give them some serious c
debt or the deficit, and they're unwilling to do anything. dan is completely wrong. speaker boehner is not prepared to make a deal. you know, he's not the host of "let's make a deal." he's completely incapable of making a deal. and look, i think we're headed over the fiscal cliff because, again, i don't think the republican party is serious about playing an important role in governing this country. >> now, i don't necessarily disagree with you, but let me push back a little bit,...
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Dec 31, 2012
12/12
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the deficit, like how much debt or adding. over a trillion. just when you're. federal government running a a tab of a trillion. we talk about this number of the time. let's get this zero's again. a very big number. tough to get your arms around these numbers. when you see it on a piece of paper it's easier. i thought it would be even easier if we thought about one american household. what if each of those numbers translate it into one family. if you ran the household like the federal government here is what you would be looking at. your family income, 24,400. your spending, 305,400. look at this. what's going on? you can't do this. if you were spending 35,000 only had 24,000 coming in, that's a nightmare. the new debt would be 10,900. it's a nightmare. so let's talk about your total credit card debt. if you were on par with the federal government your total debt would be $163,000. you're not even earning 25,000. you would be in huge trouble. you would be insolvent. i would call you a deadbeat. of course you're too smart to do something this stupid. capitol hill
the deficit, like how much debt or adding. over a trillion. just when you're. federal government running a a tab of a trillion. we talk about this number of the time. let's get this zero's again. a very big number. tough to get your arms around these numbers. when you see it on a piece of paper it's easier. i thought it would be even easier if we thought about one american household. what if each of those numbers translate it into one family. if you ran the household like the federal government...
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Jul 14, 2012
07/12
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the deficit is going to get reduced. it's not true. the republicans now are the ones promoting exploding the deficit. the democrats are trying to reign it in. first of all i disagree with the economics behind what mitch mcconnell is saying. on the politics we could go through list after list of things the democrats have tried to do to get the economy working again that the republicans have blocked. there is clearly a difference of opinion about what it's going to take to create growth. the democrats are correct and the republicans are wrong. >> juan: okay, it doesn't matter what mitch mcconnell said the fact is republicans are obstructing jobs bill proposal. job creation coming from this democratic president. and they seem content to go home before the election because, guess what? they will say the economy is still struggling and then they will will will blame it on obama. >> they have a list of proposals that's been made in great detail. they will stimulate the economy in their view. part of the problem we have here is
the deficit is going to get reduced. it's not true. the republicans now are the ones promoting exploding the deficit. the democrats are trying to reign it in. first of all i disagree with the economics behind what mitch mcconnell is saying. on the politics we could go through list after list of things the democrats have tried to do to get the economy working again that the republicans have blocked. there is clearly a difference of opinion about what it's going to take to create growth. the...
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Dec 5, 2012
12/12
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does it reduce the deficit? >> joining me now is senator sherrod brown. senator, good to have you with us tonight. your comments on what nancy pelosi has to say about revenue. >> she's right. you look at a little history in the 1990s. the upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, we've had no real job growth and no wage growth during this past decade. we're finally now after ten straight years of manufacturing job decline hitting places like toledo and cleveland and cincinnati particularly hard, we're seeing now in the last two years after the auto rescue, after we're doing some of the right things here, we're seeing job growth. i agree with what nancy pelosi said. history improves itself. >> so based on history, this is about math and not ideology. the sense i get on the hill today, if you don't get the rate increase, you can forget everything else. >> we have seen in this country a decline in infrastr
does it reduce the deficit? >> joining me now is senator sherrod brown. senator, good to have you with us tonight. your comments on what nancy pelosi has to say about revenue. >> she's right. you look at a little history in the 1990s. the upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, we've had no real job growth and no wage growth...
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Dec 30, 2012
12/12
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we still have a trillion-dollar deficit. we've got a lot of work to do. >> we do have a lot of work to do all i ask is we get the work down. stephen moore, always a pleasure to talk to you. we'll be talking a lot in 2013. >>> coming up, the great tax debate that stephen was just talking about. does raising tax on the wealthy really hurt the economy? i'll give you an answer after this. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most important issue, but it's the central one. grover norquist told you his strong opposition to any tax increases of any sort. many republicans share his view. let's look at the economy. obviously across the board tax increases would hurt the economy. but what will the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowrie of the "new york times" is still with us. i always have to make sure my viewers understand i am not advocating for tax increases on the rich. i want to explain what could happen. i want to bring in jean za
we still have a trillion-dollar deficit. we've got a lot of work to do. >> we do have a lot of work to do all i ask is we get the work down. stephen moore, always a pleasure to talk to you. we'll be talking a lot in 2013. >>> coming up, the great tax debate that stephen was just talking about. does raising tax on the wealthy really hurt the economy? i'll give you an answer after this. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most...
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Nov 30, 2012
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are we trying to get our arms around the debt and deficits? are we trying to create jobs? what's the goal of this whole charade? >> both. i wouldn't call it a charade. in the near-term, we're trying to keep this recovery going. that's why the payroll tax holiday extension is so needed and the small amount of new investments and unemployment insurance in the president's offer. that has to be balanced, of course, in the long-term with real spending cuts. >> and where are those? >> he's got another $400 billion, plus the interest savings. it's a balanced approach. if you add it up, it stabilizes the debt over the next decade. if we did that, that would be a tremendous step forward. >> where would those $400 billion in spending cuts come from? >> they come from public health care programs, but not through cuts to beneficiaries. they're real cuts. i have to say, at this point the president is the only one who's actually put spending cuts on the table. where's the republican offer? >> he's not put his medicaid cuts on the table. he put a number on the table. what i think one of
are we trying to get our arms around the debt and deficits? are we trying to create jobs? what's the goal of this whole charade? >> both. i wouldn't call it a charade. in the near-term, we're trying to keep this recovery going. that's why the payroll tax holiday extension is so needed and the small amount of new investments and unemployment insurance in the president's offer. that has to be balanced, of course, in the long-term with real spending cuts. >> and where are those?...
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Aug 12, 2012
08/12
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the reason i like it is i'm really a deficit hawk. i've always believed that these deficits are very bad for the country. this is the first step towards doing something serious about the deficit, and i think it's worth doing. >> so you are not worried about that recession happening in 2013? most economists, congressional budget office said that would occur if nothing is done in washingt washington. you say it's okay if it's short term. >> maria, it wi occur. i think a recession is terrible and tough. but this country is in deep trouble. we clearly cannot go on with these kinds of deficits. doing something about the deficit can't be done in washington because none of them ever seem to want to take any political heat. this is the way they designed to take the political heat. all these cuts are necessary. some of them are painful. i hate some of them. we're all going to have to give up something in order to get out of this deficit situation, and the fiscal cliff appears to be the only situation. solution. >> it's amazing there's no discu
the reason i like it is i'm really a deficit hawk. i've always believed that these deficits are very bad for the country. this is the first step towards doing something serious about the deficit, and i think it's worth doing. >> so you are not worried about that recession happening in 2013? most economists, congressional budget office said that would occur if nothing is done in washingt washington. you say it's okay if it's short term. >> maria, it wi occur. i think a recession is...
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Dec 30, 2012
12/12
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extends unemployment insurance and lays the ground for future progress on more economic growth and deficit reduction. >> reporter: in the republican response, missouri senator, roy blunt, called the president's plan the wrong way forward. >> the president's proposal to raise taxes on the top 2% of americans won't pay one-third of the annual interest now owed on this massive 16 trillion dollar debt. >> reporter: sources closest to the talk tell harry reid and mitch mcconnell are working to draft a plan that will include extending unemployment benefits and keeping 30 million americans from paying the alternative minimum tax and allowing taxes to increase on the wealthiest americans. this remains a major sticking point for many republicans. some say a small deal is better than no deal at all but represents a lack of leadership. >> they haven't taken any of the hard measures to bring spending down and reform entitlements and raise more revenues. >> reporter: now, late saturday, negotiators continued to haggle over a number of issues, particularly the issue of taxes. republican leader, mitch mc
extends unemployment insurance and lays the ground for future progress on more economic growth and deficit reduction. >> reporter: in the republican response, missouri senator, roy blunt, called the president's plan the wrong way forward. >> the president's proposal to raise taxes on the top 2% of americans won't pay one-third of the annual interest now owed on this massive 16 trillion dollar debt. >> reporter: sources closest to the talk tell harry reid and mitch mcconnell...
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Nov 11, 2012
11/12
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what he did in his budget he takes $2 trillion in law and cast that as deficit reduction. he counts that as his contribution to this effort. yesterday he announced that half of it yet taken back off the table. -- he had taken back off the table. let's fix the tax question. let's fix the sequestered. i am for something big. it is called the rise in budget. -- ryan but it. >> is that in any way of life right now after the election? >> it will not pass this year. what the election really did was solidified the modern republican party as the party as the solution to the crisis at in deficits and entitlement spending and taxes, the rise in budget. twice they have passed this -- could have passed this. it has been voted on twice. everyone coming back to offices either run as a supporter of ryan or vote for it. republicans swept old people. brian does that happen until you get a different president. it is the future. >> we have about six minutes left. >> you're making the case that the republican party did not lose as badly as people are saying and the president does not have as
what he did in his budget he takes $2 trillion in law and cast that as deficit reduction. he counts that as his contribution to this effort. yesterday he announced that half of it yet taken back off the table. -- he had taken back off the table. let's fix the tax question. let's fix the sequestered. i am for something big. it is called the rise in budget. -- ryan but it. >> is that in any way of life right now after the election? >> it will not pass this year. what the election...
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Dec 29, 2012
12/12
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FBC
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not even close fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any politicians talking reality but the fiscal problems facing the country which is democrat or republican. tom: do you have any hope that the blame game can be put aside so they can get some work done? in the private sector these people would be fired. >> absolutely. this is a do nothing congress, the least active in fur years when it comes to policy making, and the reason we are here is that the delay decisions for the past two years. i do think that something will happen because if it doesn't the consequences will be so severe in the next year again over 9 percent unemployment and a significant slowdown in an already slow economy. tom: but the blame game, who is going to g
not even close fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any politicians talking reality but the fiscal problems facing the country which is democrat or republican. tom: do you have any hope...
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Jul 14, 2012
07/12
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you no longer have a deficit problem. you have a long-term problem relating to medicare and health care costs and all the things people are worried about disappear. i think the argument that the economy is so weak that it can't withstand returning to these tax rates is probably not true anymore. the economy has slowly begun to recover. if you look at the housing market, it is clear that it has bottomed out. consumers have paid down debt. at some point we're going to have to get the fiscal house in order. this is the best mechanism. i have a secret weapon here which is i wouldn't -- that's my starting position. if you were to come and say to me we don't want to put all of these tax cuts in, let's phase this in over three or four years, i would say fine. why not instead then do a comprehensive tax reform? >> why not instead then do a comprehensive tax reform in everybody from every party says it. we have seen the tax code, 73,000 pages. it is impossible for anyone to understand and it seems inherently unfair to almost every
you no longer have a deficit problem. you have a long-term problem relating to medicare and health care costs and all the things people are worried about disappear. i think the argument that the economy is so weak that it can't withstand returning to these tax rates is probably not true anymore. the economy has slowly begun to recover. if you look at the housing market, it is clear that it has bottomed out. consumers have paid down debt. at some point we're going to have to get the fiscal house...
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Dec 31, 2012
12/12
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there is no sense that deficit will hammer us right now. >> i have blajerred on too much. my fault. thank you very much sfls let's hit on as many as we can. jimmy p. joining us. and former governor ed rendell. i think steve brought up an important point, governor, which is this, what do you believe is the ultimate goal. adding 50 $60 bucks to benefits will help them live a more comfortable life. will it help the growth goals of the united states? >> i think the greater growth goals can only be accomplished -- look, there isn't going to do anything to get our debt under control. we we have to go back to the drawing board to deal with entitlement reform, military spending cuts and revenue. it is reported this produces 600 billion in revenue, that's not nearly enough. we have to go back tlt drawing board an and make tough decisions. only taking care of the debt will causey think the chain reaction that will cause markes to the explode. economy to grow bp that's more important than any of the little niches you are talking about. >> when will that time kuk? when will we have to go back t
there is no sense that deficit will hammer us right now. >> i have blajerred on too much. my fault. thank you very much sfls let's hit on as many as we can. jimmy p. joining us. and former governor ed rendell. i think steve brought up an important point, governor, which is this, what do you believe is the ultimate goal. adding 50 $60 bucks to benefits will help them live a more comfortable life. will it help the growth goals of the united states? >> i think the greater growth goals...
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Nov 27, 2012
11/12
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not to reduce the deficit. if the goal was to reduce the deficit, why refuse to end taxpayer subsidies for the oil companies? if reducing the deficit was the purpose, why refuse to and special breaks for corporate jets and the folks at the very high end of the income scale? that was not the plan. the plan was to use this moment to threaten the economy, to try and slash the social safety net and those critical investments in education, innovation, and our future. guess what? they failed to do that. they failed to end the medicare guaranteed. they failed to slash medicaid, education. in this measure, we succeeded in protecting medicare and social security beneficiaries. we succeeded in protecting seniors in nursing homes, individuals with disabilities, and poor kids who depend on medicaid for their health care. we succeeded in providing room for critical investments in education and america's future. do not get the wrong, mr. speaker. there is much in this plan i do not like. we did not succeed in shutting down s
not to reduce the deficit. if the goal was to reduce the deficit, why refuse to end taxpayer subsidies for the oil companies? if reducing the deficit was the purpose, why refuse to and special breaks for corporate jets and the folks at the very high end of the income scale? that was not the plan. the plan was to use this moment to threaten the economy, to try and slash the social safety net and those critical investments in education, innovation, and our future. guess what? they failed to do...